Jeffrey Loria Agrees To Sell Marlins To Derek Jeter, Bruce Sherman Group

Jeter poised to take the next step

The Miami Herald is now reporting that an agreement has been struck with Jeffrey Loria to sell the club to a group headed by Jeter and business partner Bruce Sherman.

Derek Jeter and Micheal Jordan will always have mad love for the game of baseball.

Jeter, who is 43, retired following 20 seasons with the Yankees.

Third wave of floods hit Assam, three lakh affected
Now 1,752 villages are under water and over one lakh hectare crop area has been damaged, ASDMA said. Floods also wreaked havoc in the river island of Majuli forcing the affected to flee to highlands.

Talks between Sherman, Jeter and Loria have been ongoing for months. Quogue Capital founder Wayne Rothbaum, who led a third group that included former Florida Gov. Jeb Bush, dropped out of the bidding earlier this week. In addition to Jeter, the ownership group has an athletic dimension thanks to a stake from Michael Jordan, who invested an unknown amount of money with the group. The business manager for Jordan, Estee Portnoy, has confirmed that the owner of the NBA Charlotte Hornets remains part of the Jeter investment group. The Hornets are now said to be worth over $780 million. He funded his purchase through the sale of the Montreal Expos to Major League Baseball for the price of $120 million and covered the remaining $38 million through a loan by Major League Baseball. Loria chose to sell the team for personal reasons.

Miami won the 2003 World Series but has not returned to the postseason since.

Related news:

Hot News

Half of Republicans would back postponing 2020 election if Trump proposed it
Aoû 12, 2017 - 23:22
Donald Trump's threat to sabotage Obamacare would generate a huge backlash for him and Republicans, according to a new poll . The poll of 1,211 adults was conducted August 1- 6.The margin of sampling error is plus or minus 3 percentage points.

isis-killer-beheading-video-story-top Los Angeles Rams Acquire WR Sammy Watkins from the Buffalo Bills
Aoû 12, 2017 - 23:22
We know Elliott is elite and will come back as an asset for your team. "Definitely surprised", said quarterback Tyrod Taylor . When the weather goes to hell in Buffalo, Taylor should be able to get the ball out quickly and keep the chains moving.

isis-killer-beheading-video-story-top Denis Shapovalov says he doesn't remember taking that photo with Rafael Nadal
Aoû 12, 2017 - 23:19
Shapovalov's win over Mannarino came just 24 hours after he defeated 10-time French Open champion Nadal to get into the quarters. Shapovalov blasted a total of nine aces, including ones on his second serve that handcuffed Nadal.

isis-killer-beheading-video-story-top Heat become first National Basketball Association team with mobile-only entry
Aoû 12, 2017 - 23:06
With this move, the Heat would become the first National Basketball Association franchise to make the shift to mobile tickets.

isis-killer-beheading-video-story-top Townsend backing promoted Brighton to survive then thrive in Premier League
Aoû 12, 2017 - 23:01
He said: "If you see the team last season and this season, the four [pre-season] games we played, the fundamentals are the same". Now with Neymar. "But it is going to finish, it is unsustainable".

isis-killer-beheading-video-story-top Manager replies when asked if Chelsea are signing 27-year-old midfielder
Aoû 12, 2017 - 22:54
But he is interested in a move to the Premier League champions and BetStars have slashed their odds on the transfer happening. The former also has only 12 months remaining on his current deal and has asked for a move away from Goodison Park.

isis-killer-beheading-video-story-top Missing Inmate From Winfield Correctional Facility
Aoû 12, 2017 - 22:53
He was last seen wearing a white state-issued T-shirt and blue jeans or gray sweatpants. Officials say Mitchell is considered to be risky .

isis-killer-beheading-video-story-top IShares Russell 2000 Growth Index (IWO) Position Raised by Sageworth Trust Co
Aoû 12, 2017 - 22:53
Corundum Group Inc.'s holdings in iShares Russell 2000 Index were worth $473,000 at the end of the most recent reporting period. Carroll Financial Associates Inc. raised its stake in iShares Russell 2000 Index by 64.9% in the second quarter.

isis-killer-beheading-video-story-top Yankees Place Masahiro Tanaka on the Disabled List
Aoû 12, 2017 - 22:51
Tanaka reportedly told manager Joe Girardi that his arm felt exhausted and the issue is not structural. Tanaka issued a career-high five walks in four-plus innings at Toronto on Wednesday.

isis-killer-beheading-video-story-top 3 homicide victims found in Hempstead home, cops say
Aoû 12, 2017 - 22:51
The victims, whose identities were not immediately available, were found in a residence on Perry Street, police said. The fourth woman who escaped is reported to be in stable condition at Nassau County Medical Center.

isis-killer-beheading-video-story-top Barcelona's Sergi Roberto wanted as Nemanja Matic replacement following Manchester United
Aoû 12, 2017 - 22:44
We are the most physical league. "When a player leaves a club, you do not normally see a manager speak so glowingly about them", the former England worldwide told Sky Sports .

Colliers International Group Inc
Aoû 12, 2017 - 22:41
BidaskClub cut Colliers International Group from a "strong-buy" rating to a " buy" rating in a research note on Monday, July 24th. Parametric Portfolio Associates LLC raised its position in shares of Colliers International Group by 21.0% in the first quarter.

Quorum Health Corporation (QHC) Getting Somewhat Favorable Media Coverage, Accern Reports
Aoû 12, 2017 - 22:41
The bought was announced in a document with the SEC which is accessible through the Security and Exchange Commission website. Following the completion of the transaction, the insider now owns 814,139 shares in the company, valued at $2,320,296.15.

The Peabody Energy Corporation (NYSE:BTU) Given News Sentiment Score of 0.12
Aoû 12, 2017 - 22:31
Bank of New York Mellon Corp bought a new stake in Peabody Energy Corporation during the second quarter worth about $5,434,000. Ltd. bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $748,000.

isis-killer-beheading-video-story-top Trump to call for China trade investigation
Aoû 12, 2017 - 22:23
Lighthizer will recommend whether an official investigation into trade practices is warranted. That finding reportedly came from a confidential US intelligence assessment.